6,907 Lam Research Corporation $LRCX Shares Sold by Baker Ellis Asset Management LLC

Key Points

• Baker Ellis Asset Management cut its Lam Research stake by 6.5% in the third quarter, selling 6,907 shares and retaining 99,085 shares valued at approximately $32.55 million. Institutional investors collectively own 84.61% of LRCX.
• Lam Research shares fell 4.7% to $286.92, while trading at a relatively elevated trailing P/E of 49.81. The stock has also declined for seven consecutive sessions as investors reassess semiconductor-equipment valuations following its AI-driven rally.
• The company reported quarterly earnings and revenue above analyst expectations and raised its quarterly dividend from $0.26 to $0.33 per share. Analysts remain broadly positive, assigning the stock a “Moderate Buy” consensus rating and an average price target of $364.59.

Baker Ellis Asset Management LLC decreased its stake in Lam Research Corporation (NASDAQ:LRCX - Free Report) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,085 shares of the semiconductor company's stock after selling 6,907 shares during the period. Lam Research makes up 3.5% of Baker Ellis Asset Management LLC's investment portfolio, making the stock its 3rd largest holding. Baker Ellis Asset Management LLC's holdings in Lam Research were worth $32,550,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LRCX. Sanders Morris Harris LLC purchased a new stake in shares of Lam Research during the 3rd quarter worth about $13,935,000. Consilium Wealth Advisory LLC raised its holdings in Lam Research by 3.2% in the third quarter. Consilium Wealth Advisory LLC now owns 7,604 shares of the semiconductor company's stock valued at $2,498,000 after buying an additional 236 shares during the period. N10 Wealth LLC raised its holdings in Lam Research by 25.2% in the third quarter. N10 Wealth LLC now owns 42,491 shares of the semiconductor company's stock valued at $13,959,000 after buying an additional 8,548 shares during the period. N10 Assets LLC lifted its position in Lam Research by 10.3% during the third quarter. N10 Assets LLC now owns 36,940 shares of the semiconductor company's stock valued at $12,135,000 after buying an additional 3,464 shares in the last quarter. Finally, Focus Financial Network Inc. grew its stake in Lam Research by 17.7% during the third quarter. Focus Financial Network Inc. now owns 1,501 shares of the semiconductor company's stock worth $493,000 after buying an additional 226 shares during the period. Hedge funds and other institutional investors own 84.61% of the company's stock.

Lam Research Stock Down 4.7%

LRCX stock traded down $14.19 during mid-day trading on Wednesday, hitting $286.92. 10,326,069 shares of the company were exchanged, compared to its average volume of 10,659,057. The company has a market capitalization of $359.06 billion, a PE ratio of 49.81, a price-to-earnings-growth ratio of 1.23 and a beta of 1.85. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. Lam Research Corporation has a twelve month low of $135.50 and a twelve month high of $438.50. The firm has a fifty day simple moving average of $310.95 and a 200 day simple moving average of $307.35.

Lam Research (NASDAQ:LRCX - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share for the quarter, beating analysts' consensus estimates of $1.69 by $0.13. The business had revenue of $6.72 billion during the quarter, compared to the consensus estimate of $6.66 billion. Lam Research had a return on equity of 67.60% and a net margin of 31.27%. The business's quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 EPS. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. On average, research analysts forecast that Lam Research Corporation will post 9.34 earnings per share for the current fiscal year.

Lam Research Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 23rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, September 23rd. This is an increase from Lam Research's previous quarterly dividend of $0.26. Lam Research's dividend payout ratio (DPR) is currently 22.92%.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: Wall Street’s consensus price target implies approximately 25.6% upside. Zacks noted that rising earnings-estimate revisions may be more meaningful than the target itself, offering a potentially constructive near-term signal. Wall Street Analysts See a 25.6% Upside in Lam Research
• Positive Sentiment: Erste Group Bank raised its FY2027 EPS forecast to $9.40 from $9.34 and its FY2028 estimate to $11.99 from $11.68, indicating improving expectations for Lam Research’s longer-term earnings power. MarketBeat Lam Research analyst estimates
• Positive Sentiment: Lam Research is approaching its next quarterly earnings report, with the company previously guiding to strong results. Investors may look for confirmation that AI-related demand and wafer-fabrication spending remain healthy. Lam Research Set to Post Earnings
• Positive Sentiment: DBS Bank raised its price target to $416. In addition, institutional activity was broadly supportive in the latest reported quarter, with major investors including JPMorgan, Invesco and T. Rowe Price adding shares. DBS Bank lifts target to $416
• Neutral Sentiment: Recent commentary describes Lam Research as having a strong FY2027 setup ahead of earnings, but the stock’s elevated valuation means results and forward guidance will likely determine whether the shares recover. Lam Research Strong FY2027 Setup
• Negative Sentiment: Lam Research has fallen for seven consecutive sessions as semiconductor-equipment shares retreat after a powerful AI-driven rally. Investors appear to be taking profits and reassessing valuations ahead of key industry earnings reports. Semiconductor Equipment Stocks Slide
• Negative Sentiment: Insider-trading data shows 55 reported open-market sales and no purchases over the past six months, including sales by senior executives. While such transactions may reflect diversification, the one-sided pattern can weigh on sentiment.

Analyst Ratings Changes

Several brokerages have recently weighed in on LRCX. Fundamental Research set a $390.00 target price on Lam Research in a research report on Thursday, October 1st. Evercore reiterated an "outperform" rating and set a $355.00 target price on shares of Lam Research in a report on Monday, July 20th. Berenberg Bank set a $420.00 price target on Lam Research in a research report on Wednesday, September 9th. B. Riley Financial upped their price target on Lam Research from $350.00 to $390.00 and gave the stock a "buy" rating in a report on Thursday, October 1st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $390.00 price objective on shares of Lam Research in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $364.59.

Insider Buying and Selling at Lam Research

In other Lam Research news, Director Bethany Mayer sold 9,557 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $314.74, for a total value of $3,007,970.18. Following the sale, the director directly owned 20,995 shares of the company's stock, valued at $6,607,966.30. This trade represents a 31.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Ava Harter sold 5,000 shares of the firm's stock in a transaction on Monday, August 31st. The shares were sold at an average price of $302.46, for a total value of $1,512,300.00. Following the completion of the sale, the insider owned 42,462 shares in the company, valued at $12,843,056.52. The trade was a 10.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.31% of the stock is owned by company insiders.

Lam Research Company Profile

Lam Research Corporation is a semiconductor equipment company that designs, manufactures, and services systems used in the fabrication of integrated circuits and other electronic devices. Its equipment supports key steps in the wafer manufacturing process, helping semiconductor producers create increasingly small and complex features on silicon wafers.

The company's portfolio includes systems for etch, deposition, wafer cleaning, surface preparation, and related manufacturing processes.

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